Cenovus Energy (TSE:CVE) Given New C$25.00 Price Target at BMO Capital Markets

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price target dropped by stock analysts at BMO Capital Markets from C$28.00 to C$25.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 15.37% from the company’s current price.

CVE has been the subject of a number of other reports. Raymond James raised their price target on Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday. TD Securities lowered their price target on Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating for the company in a research report on Friday. National Bankshares lowered their price target on Cenovus Energy from C$38.00 to C$31.00 in a research report on Friday, September 27th. Royal Bank of Canada reduced their target price on Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Jefferies Financial Group dropped their price objective on Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Cenovus Energy presently has a consensus rating of “Buy” and an average price target of C$31.50.

Cenovus Energy Trading Up 1.7 %

CVE traded up C$0.36 during trading on Friday, reaching C$21.67. The company had a trading volume of 1,787,122 shares, compared to its average volume of 5,305,858. The stock has a market cap of C$40.31 billion, a P/E ratio of 8.64, a PEG ratio of 0.09 and a beta of 2.63. The business has a 50 day simple moving average of C$22.74 and a 200-day simple moving average of C$24.66. Cenovus Energy has a 52 week low of C$19.82 and a 52 week high of C$29.96. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 33.34.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Murray bought 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average price of C$22.54 per share, with a total value of C$72,112.00. Also, Senior Officer Jeffery George Lawson bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were purchased at an average cost of C$22.50 per share, with a total value of C$90,000.00. Insiders bought 7,700 shares of company stock valued at $173,232 over the last quarter. 32.03% of the stock is currently owned by company insiders.

Cenovus Energy Company Profile

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.